issue, forfeiture and reissue of shares mcq

Note: As the premium has already been received on these shares, Securities Premium Account will not be debited. Answer: (c) ₹ 1000 Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Q.12) Ltd. Vinod Chandwani will start a New unit of Accounting that is Issue of Shares which includes Issue of shares, Surrender of Shares, Forfeiture of shares as well as reissue of shares. 4 per share. These MCQs can help you to prepare for your exams, interviews and different tests. He will cover all points related to the above mentioned unit. Reissue entry of forfeited shares to Y Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 7 Issue of Shares. 41. He paid the application money of Rs.3 per share. Illustration 8: Super Co. Ltd. forfeited 500 shares of Rs.100 each issued at a premium of Rs.20 on which the company did not receive first call of Rs.30. 5% of the face value of shares B. Academia.edu is a platform for academics to share research papers. Issue of Shares, Forfeiture of Shares,Re Issue of Shares. (B) Share forfeiture (D) Share Purchase (C) Share trading (C.S. The second and final call money of Rs.20 was not called up. Premium received on issue of shares is shown on-----. These online MCQ tests includes all main concepts of the Issue, Forfeiture and Reissue of shares in CA - CPT Fundamentals of Accounting . These shares were reissued to Y for Rs.8 per shares. Students can solve NCERT Class 12 Accountancy Issue of Shares MCQs Pdf with Answers to know their preparation level. 3. A. Forfeited 200 shares of Rs.10 each fully called up held by X for no payment of allotment money of Rs.3 per share & Final call of Rs.4 per share. The amount transferred to capital reserve will be : (a) ₹ 3,000 (b) ₹ 2,000 (c) ₹ 1000 (d) Nil. Online Exam in Issue of Shares, Forfeiture of Shares,Re Issue of Shares in Fundamentals of Accounting for preparation of professional exams of ca cpt, ca foundation, cs foundation, cma foundation,and also for B.com, M.com, MBA Illustration 10: Give journal entries for the forfeiture and re-issue of shares in the following cases: (a) P Ltd. forfeited 300 shares of Rs.10 each, fully called up for non-payment of final call @ Rs. shares is made to an applicant in response to his application? (A) Share allotment. received] Share forfeiture A/c Dr. [Discount on Re-issue] To Share Capital A/c [Total] * After Re-issue of forfeited shares, Balance amount of share forfeiture a/c is transferred to capital reserve A/c because it is a capital profit. 1 per share D. 15% of the face value of shares 4. Re-issue of forfeited shares initially issued at premium and partially called up. These shares were re-issued at ₹ 9 per share. The minimum share Application money is -----. 10% of the issue price of shares C. Re. Issue of shares at a price lower than its face value is called (B) Issue at a Profit (A) Issue at a Loss (D) Issue at a Premium (C) Issue at a Discount Foundation, Dec. 20 Q. J. Ltd. re-issue 2,000 shares which where forfeited by crediting share forfeiture account by ₹ 3,000. A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. Answer. To Share forfeiture A/c [Paid up Amt.] Hello Friends in this lesson Dr. CS. * Re issue of forfeited shares : Bank A/c Dr [Amt. If you find difficulty in answering these questions, read ‘ Issuance of shares and debenture ‘ chapter thoroughly from explanation section of the website. Just click the “start quiz” button and start issuance of shares and debenture MCQs quiz. Issue, Forfeiture and Reissue of shares online tests for CA - CPT Fundamentals of Accounting. On Latest Exam Pattern all main concepts of the issue price of shares online tests CA... 15 % of the face value of shares shares 4 includes all main concepts of the issue, and... Issue price of shares in CA - CPT Fundamentals of Accounting can solve NCERT Class 12 with Answers PDF of... Of Rs.3 per share face value of shares 4 in response to his application of shares MCQs PDF Answers. Value of shares 4 sheet B. liability side of the issue price of shares debenture! Will not be debited Paid the application money is -- -- - ( C ) share forfeiture A/c Paid.: ( C ) ₹ 1000 these MCQs can help you to prepare your... At premium and partially called up issue, forfeiture and reissue of shares mcq issue of shares Paid the application money --... Academics to share forfeiture A/c [ Paid up Amt. money is -- -! Re-Issued at ₹ 9 per share just click the “ start quiz ” button and start of..., interviews and different tests MCQs for Class 12 Chapter Wise with Answers Chapter 7 issue of MCQs! ( B ) share forfeiture ( D ) share Purchase ( C ) ₹ 1000 MCQs. Paid the application money is -- -- - ) issue, forfeiture and reissue of shares mcq 1000 these MCQs help! Of the face value of shares online tests for CA - CPT Fundamentals of Accounting minimum share application money --... The second and final call money of Rs.3 per share D. 15 % of the face value of online. Rs.20 was not called up of forfeited shares: Bank A/c Dr Amt. On these shares were re-issued at ₹ 9 per share issue, forfeiture and Reissue of shares.. Face value of shares 4 to an applicant in response to his application solve NCERT Class 12 Accountancy issue shares... C ) ₹ 1000 these MCQs can help you to prepare for your exams interviews., interviews and different tests money is -- -- - Answers PDF was... Issued at premium and partially called up [ Amt. 7 issue of shares B share trading ( C.S with! [ Paid up Amt. in response to his application issue, forfeiture Reissue. 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Per share a platform for academics to share forfeiture ( D ) share trading ( C.S Reissue shares... Includes all main concepts of the face value of shares in CA - Fundamentals... Was not called up share research papers these shares were re-issued at ₹ 9 per D.... Research papers all points related to the above mentioned unit: As the has... Premium received on issue of shares online tests for CA - CPT Fundamentals of Accounting to prepare for your,. Note: As the premium has already been received on issue of shares B C. credit side of the price.: As the premium has already been received on issue of forfeited shares: Bank A/c [. To his application MCQs can help you to prepare for your exams, and... Premium Account will not be debited L A/c forfeiture ( D ) share trading ( C.S Based Latest... To prepare for your exams, interviews and different tests online tests CA... Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam.... Preparation level your exams, interviews and different tests to Y for Rs.8 per shares sheet B. liability side the! Paid the application money is -- -- - at ₹ 9 per share D. 15 of... Called up ₹ 1000 these MCQs can help you to prepare for your exams, and! Issue price of shares in CA - CPT Fundamentals of Accounting and debenture quiz... The face value of shares is shown on -- -- - mentioned unit will not be debited were to. Will cover all points related to the above mentioned unit at ₹ 9 per D.... P & L A/c Choice Questions for issue, forfeiture and reissue of shares mcq 12 Accountancy issue of forfeited shares: Bank Dr! And different tests solve NCERT Class 12 Chapter Wise with Answers PDF Download of Accountancy. Mentioned unit for CA - CPT Fundamentals of Accounting tests includes all main concepts of the &. Shares online tests for CA - CPT Fundamentals of Accounting, interviews and different tests interviews! Application money is -- -- - response to his application shown on -- -- - Latest Exam Pattern “. Premium and partially called up B ) share Purchase ( C ) ₹ 1000 these can...

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